Heavy Electrical Equipment

Tianwei

Tianwei released FY2026 Q1 earnings on April 10 After-Market (BJT), actual revenue CNY 1.635 B, actual EPS CNY 0.032

Tianwei released FY2025 Annual Earnings on April 10 After-Market (BJT), Actual Revenue: CNY 5.708 B, Actual EPS: CNY 0.107

Tianwei released FY2025 Q4 earnings on April 10 After-Market (BJT), actual revenue CNY 1.206 B, actual EPS CNY 0.028

Tianwei FY2026 Q1 Earnings Release Scheduled for April 11 After-Market BJT

Tianwei FY2025 Annual Earnings Release on April 11, 2026 After-Market (BJT)

Tianwei released FY2025 Q3 earnings on October 27 Pre-Market (BJT), actual revenue CNY 1.507 B, actual EPS CNY 0.0378

Tianwei released FY2025 9 Months Earnings on October 27 Pre-Market (BJT), actual revenue CNY 4.502 B, actual EPS CNY 0.0791

Tianwei to Release FY2025 Q3 Earnings on October 28, Pre-Market BJT

Tianwei released FY2025 Semi-Annual earnings on August 20 After-Market (BJT), actual revenue CNY 2.995 B, actual EPS CNY 0.0409

Tianwei released FY2025 Q2 earnings on August 20 After-Market BJT, actual revenue CNY 1.516 B, actual EPS CNY 0.0263

Tianwei to release FY2025 Semi-Annual earnings report on August 21, 2025 (BJT)

CQAEFPLans to Reduce Holdings in Baobian Electric

Baobian Electric Expected to See Significant Growth in Net Profit for First Half of 2025

Baobian Electric Maintains CCC ESG Rating

Baobian Electrical Posts Q1 Growth, Investors Focus on Nuclear and Competitor Pledge

Baobian Electric Transfers Subsidiary Equity

Baobian Electric Announces Abnormal Stock Fluctuations and Investment Risk Warning

Baobian Electric sees profit growth but cash flow tightens

Tianwei released FY2025 Q1 earnings on April 10 After-Market (BJT), actual revenue CNY 1.479 B, actual EPS CNY 0.015

Tianwei released FY2024 earnings on April 10 After-Market (BJT), actual revenue CNY 4.74 B, actual EPS CNY 0.052

SBGSY

601179

600089

600550

159611

159326

562960

Citi pointed out that the global supply gap for high-voltage power transformers will last at least until 2029, with a gap reaching 30% of demand by 2025, and the cumulative shortage peak approaching 1,700 GVA. A shortage of skilled workers, bottlenecks in key materials, and exorbitant expansion costs create three hard constraints that slow capacity expansion below expectations; the arms race for computing power in data centers will further shift the demand curve upward

- The global power transformer industry is entering a prolonged phase where supply cannot keep up with demand, as cited by Citigroup.  
- It is projected that supply shortages will continue at least until 2029 due to various constraints, including insufficient skilled labor and reliance on imported materials.  
- Consequently, this supply-demand mismatch is driving prices higher and extending delivery times, with significant impacts on companies' profitability and valuations in the sector.

Wallstreetcn

Schneider Electric

China XD

TBEA

GF CSI All Share Power Public Service ETF

ChinaAMC CSI Grid Equipment Thematic ETF

Select Sect Spdr Util

Penghua CSI All Share Utilities ETF

Bosera CSI All Share Electric Utilities ETF

VG Utilities

E Fund CSI Green Power ETF

ChinaAMC Green Electricity ETF

ISHRS S&P Glb Utilities

Transformer supply is in urgent demand! Global shortage may last until 2029

002606

603861

002112

002358

002498

301291

300617

The A-share grid equipment sector continued to strengthen in the afternoon, with BYE hitting the daily limit, Mingyang Electric reaching a 20% daily limit, and previously, Tianwei, SENYUAN ELECTRIC, and hlgf also hitting the daily limit. Ankura, DALIAN INSULATOR, YN Power, and San Bian Sci-Tech had notable gains

DALIAN INSULATOR

San Bian Sci-Tech

SENYUAN ELECTRIC

hlgf

Mingyang Electric

Ankura

600875

000551

300048

600312

000400

002028

Systematic and large-scale promotion, the ultra-high voltage industry chain maintains high prosperity

36Kr

DEC.LTD

Hiconics

JSSMDL

SINOSUN

IESLAB

NARI-TECH

CREAT

HPEC

XJEC

SIEYUAN

Changshu Fengfan Co.,Ltd.

ZHIGUANG

QLPIPESINDUSTRY

Systematic and large-scale promotion, the ultra-high voltage industry chain maintains a high level of prosperity

002716

300570

601069

Hunan Silver hit the limit down, T&S fell over 10%, Tianwei dropped over 7%, and WESTERN REGION GOLD declined over 5%; precious metals, communication equipment, and electrical grid led the decline, while liquor, retail, and forestry strengthened; the Shanghai Composite Index fell 0.64%, the Shenzhen Component Index dropped 1.44%, and the ChiNext Index decreased 1.55%

Hunan Silver

WESTERN REGION GOLD

The three major A-share indices collectively closed lower

688676

002922

601126

A-share power grid equipment stocks continue to weaken, Jinpan Smart Technology fell over 10%, previously SIFANG hit the daily limit down, EAGLERISE (CHINA), San Bian Sci-Tech, BYE, China XD, Tianwei and other stocks fell over 7%

Jinpan Smart Technology

EAGLERISE (CHINA)

SIFANG

The global AI computing power construction has entered an explosive period, with transformers becoming core infrastructure, and orders have been scheduled until 2027. Transformer factories are operating at full capacity, and the delivery cycle for some products in the United States has been extended to 127 weeks. China has become the world's largest transformer producer, with an expected total export value of 64.6 billion yuan by 2025. As the electricity consumption for computing power increases significantly, transformers play an important role in power supply, and several large power projects are underway to meet the growing demand for computing power

Orders have been scheduled until the end of 2027! "Power Heart," global orders surge!

Tianwei expects its net profit for the fiscal year 2025 to reach 182 million yuan, a year-on-year increase of 88.95%; the net profit after deducting non-recurring gains and losses is expected to be 115 million yuan, a year-on-year increase of 26.24%. The net profit attributable to the owners of the parent company for the fiscal year 2024 is 96.3233 million yuan

Tianwei: Expected net profit for the fiscal year 2025 to increase by 88.95% year-on-year

600104

36Kr learned that the three major indices of A-shares opened higher collectively, with the Shanghai Composite Index opening up 0.35%, the Shenzhen Component Index up 0.47%, and the ChiNext Index up 0.78%; new stock N Kema opened on its first day with a rise of over 328%; the electrical grid, semiconductor, and automotive sectors led the gains, with Tianwei hitting the daily limit, Tianyue Advanced rising over 3%, and SAIC Motor rising over 2%; the media, software, and energy sectors weakened, with Xinhua Net hitting the daily limit, Kunlun Wanwei falling over 6%, and Heshun Petroleum dropping over 2%

SAIC Motor

The three major A-share indices opened higher collectively, with the electrical engineering and power grid sector leading the gains

Tianwei(600550.SH)